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Jun 17, 2014
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a statement from the federal reserve, janet yellen news conference at 2:30. very special show. don't miss it. "countdown" starts now. very special show. liz; investors proceed with caution. can the dow and s&p hold onto the gains? consumers rising faster than expected. how will the fed react expecting a two-day meeting today. amazon great unveil. eagerly awaiting the e-commerce giant new smart phone, plus if you want the 3d technology, be prepared to switch carriers. made exclusively available through only one carrier. how much will the phone bolster the winter giant? which stocks are in play? our expert panel weighs in. and think
a statement from the federal reserve, janet yellen news conference at 2:30. very special show. don't miss it. "countdown" starts now. very special show. liz; investors proceed with caution. can the dow and s&p hold onto the gains? consumers rising faster than expected. how will the fed react expecting a two-day meeting today. amazon great unveil. eagerly awaiting the e-commerce giant new smart phone, plus if you want the 3d technology, be prepared to switch carriers. made...
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Jun 17, 2014
06/14
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janet yellen, melissa. >> c'mon. it's her news conference. fed decision, i'm sexing it up a bit here. one of the these meetings, i know nothing has happened for a while. at one of these meetings, the fed will change its tune. they may change rates at some point in our lifetime, and that's why you have to tune into all of them. i admit it's been a grind on the fed, because they haven't done anything for so long, but at some point they will, right? >> keep asking people out enough, maybe they'll say yes. wanna go out? >>> as terrorists continue to close in on bag dat, the gnarl jo, if one of the big ones falls. >>> plus delta gets a much needed geography lesson after team usa's awesome win over ghana. that story from "street signs" rurnsz. returns. ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. ♪ time to celebrate ah, thwith your mates,mmer! gril
janet yellen, melissa. >> c'mon. it's her news conference. fed decision, i'm sexing it up a bit here. one of the these meetings, i know nothing has happened for a while. at one of these meetings, the fed will change its tune. they may change rates at some point in our lifetime, and that's why you have to tune into all of them. i admit it's been a grind on the fed, because they haven't done anything for so long, but at some point they will, right? >> keep asking people out enough,...
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Jun 17, 2014
06/14
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. >> yes, and i think tomorrow when janet yellen comes out, hopefully a little -- the way it feels like it's been for the last couple days. >> especially the day. it feels like it's stuck here. >> it feels like the market is complacent. >> it's going to be interesting here. several fed officials have warned against complacency specifically. that means higher amounts of risk with the vix so low with volatility so low. i'm not sure there's a lot of complacency. the one thing that does bother me, it's really low. there's like twice as many calls as puts. that's extraordinarily low. usually it's closer to parity. >> final word. >> they talk about it being so low. how do you explaining complacency, if people are feeling stable, lookic there's not a reason to go one way or the other, they're not going to do anything. >> and hopefully we have that tomorrow. >> ty? >> sue, thank you. >>> "secret lives of the super rich" a new episode tonight at 10:00. robert frank has a sneak peek. >> you've heard of beachfront real estate? we're going to tell you about track fund real state. a $120 million pla
. >> yes, and i think tomorrow when janet yellen comes out, hopefully a little -- the way it feels like it's been for the last couple days. >> especially the day. it feels like it's stuck here. >> it feels like the market is complacent. >> it's going to be interesting here. several fed officials have warned against complacency specifically. that means higher amounts of risk with the vix so low with volatility so low. i'm not sure there's a lot of complacency. the one...
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Jun 17, 2014
06/14
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BLOOMBERG
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do emerging markets care what janet yellen says? >> of course they do. last year, they had to embark upon a whole lot of policy to stay off the declines of the currency. they will be watching the movement in the two-year because as that yield goes up, >> this is a critical thing. is there a hurdle rate for the two year yield? is there a yield where it gets miserable for your emerging markets? >> i think it climbs but it does depend on what the emerging markets do. the situation is not dire because if you look at the real rates in places like turkey or brazil, there is that advantage. they have the carry trade back on the table. right now, it's not a dire place to be. >> define what you mean by carry trade. >> the nominal yield that you can earn let's say in brazil if you take out the inflation and that is the carry versus what you get an united states. >> which is the long and the short leg on the trade? >> the long would be the brazil and the short would be whatever the funding would be. you can earn that. >> the dollar or the japanese yen? >> perhaps.
do emerging markets care what janet yellen says? >> of course they do. last year, they had to embark upon a whole lot of policy to stay off the declines of the currency. they will be watching the movement in the two-year because as that yield goes up, >> this is a critical thing. is there a hurdle rate for the two year yield? is there a yield where it gets miserable for your emerging markets? >> i think it climbs but it does depend on what the emerging markets do. the...
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Jun 17, 2014
06/14
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eastern time followed by a janet yellen conference. more economic data on the way. we've got may consumer pricing index and housing starts. both of those at 8:30 eastern time. on the earnings front, we've got adobe system out quarterly results on today's squawk planner. becky quick, back to you. >> andrew, thank you. >>> a marginally positive start to the trading week despite tensions in iraq. investors will be focusing on that fed meeting set to begin today. jim russell, chief equity strategist at u.s. bank in cincinnati. gentlemen, welcome to both of you. jim, let's start off with you talking about what to expect from the fed meeting. do you think that things will look difference when we hear from each of the fed officials about when they expect rates to start rising? >> yeah. good morning, becky. we think a couple of things are pending pb number one, they'll probably take their unemployment rate forecast for 2014 down a notch. we're down at 6-3. were clearly expect them to continue to taper another $10 billion per month down to 35 billion. we also think that they
eastern time followed by a janet yellen conference. more economic data on the way. we've got may consumer pricing index and housing starts. both of those at 8:30 eastern time. on the earnings front, we've got adobe system out quarterly results on today's squawk planner. becky quick, back to you. >> andrew, thank you. >>> a marginally positive start to the trading week despite tensions in iraq. investors will be focusing on that fed meeting set to begin today. jim russell, chief...
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Jun 17, 2014
06/14
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MSNBCW
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we are waiting and watching to see whether we will get a dovish-type statement from janet yellen here. and there's a critical piece of information today that the market will learn about inflation expectations. that will affect the way we trade through the market session. back to you. >> thank you so much. appreciate it. >>> this is sad news we need to report today. an icon of modern baseball being remembered, tony gynn passed away of salivary gland cancer. he battled if for four years and blamed it on chewing tobacco. he spent his entire career with one team, and earned him the nickname mr. padre. after retiring, he became the baseball coach at his alma mater. he was on medical leave since march, but signed a one-year contract extension last week. a video tribute was in seattle, and the teams took part in a moment of silence. he left behind a wife, daughter and son who plays for the phillys. he was only 54 years old. and still ahead on way too early, the americans didn't waste any time getting on the board in the world cup. and fans of father of the bride are gearing up for a possible
we are waiting and watching to see whether we will get a dovish-type statement from janet yellen here. and there's a critical piece of information today that the market will learn about inflation expectations. that will affect the way we trade through the market session. back to you. >> thank you so much. appreciate it. >>> this is sad news we need to report today. an icon of modern baseball being remembered, tony gynn passed away of salivary gland cancer. he battled if for four...
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Jun 17, 2014
06/14
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and along with fed member's economic forecasts and we followed, of course, by janet yellen's press conference at 2:30 p.m. the central bank is widely expected to taper its bond purchases by another $10 billion. the forecasts slower, u.s. growth this year after gdp shrank 1% in the first quarter. but falling unemployment and rising inflation could prompt the fed to project a slightly more rapid rise in interest rates. the fed is reportedly considering exit fees on bond funds to avoid a potential run on the $10 trillion corporate bond market. the fm sometimes says officials are concerned investors could pull their money. even though the asset are a long-term debt. their claims could be less liquid making a fire sale less likely. these would require a rule changes by the s.e.c. let's give you a look at what else is on today's agenda in the united states. as i mentioned earlier, the may cpi is out at 8:30 a.m. eastern. com consumer prices are forecast to rise 0.2% on the month. also at 8:30, we get may housing starts, which are expected to drop by 3.7% to an annual rate of 1.03 million while buil
and along with fed member's economic forecasts and we followed, of course, by janet yellen's press conference at 2:30 p.m. the central bank is widely expected to taper its bond purchases by another $10 billion. the forecasts slower, u.s. growth this year after gdp shrank 1% in the first quarter. but falling unemployment and rising inflation could prompt the fed to project a slightly more rapid rise in interest rates. the fed is reportedly considering exit fees on bond funds to avoid a potential...
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Jun 16, 2014
06/14
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BLOOMBERG
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janet yellen speaks later this week, can we take her word for anything? we have just seen a major central bank to a 180. ofthere are different types forward guidance. i wrote a piece on pimco.com >> shameless plug. >> most central banks have moved away from calendar date guidance to guidance based on the flow of data. this comes down to describing their reaction function. what connie would say is that the data is better than we thought two years ago or a year ago and the hike will be sooner. yellen has positioned herself to calendar from the and towards the flow of macro data. she has given herself some flexibility. if you are too flexible, is there any way to communicate a message, that is the challenge. >> pimco has put out a new neutral ceases, which a lot of people agree with. interestthat rates will not return to normal levels anytime soon. that is accepted, but what is disputed is what the benchmark rate will be. engel has 2%, black bark -- pim andas 2%, blackrock jpmorgan at about 3%. what is the thesis? >> all the central banks and the fed wanted
janet yellen speaks later this week, can we take her word for anything? we have just seen a major central bank to a 180. ofthere are different types forward guidance. i wrote a piece on pimco.com >> shameless plug. >> most central banks have moved away from calendar date guidance to guidance based on the flow of data. this comes down to describing their reaction function. what connie would say is that the data is better than we thought two years ago or a year ago and the hike will...
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Jun 16, 2014
06/14
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the first one is what janet yellen was going to say at the news conference. and the second element is the economic projections that will be released. on balance, where do you think all of this is going to take the markets? >> well, i think it will be fairly constructive. i think fed will indicate and she will indicate they are getting closer to their two big goals. improvement in the labor market and a little bit more inflation. they would like to see a little bit more inflation. the problem is, and i think she'll indicate this, that the jury is still out as we talked about a few minutes ago on whether we really are at that 3% or better glide path on gdp. the jury is still out and the higher energy prices don't help. >> so greg, do you expect the element to effectively endorse current market pricing because we've seen a pull-back as far as rate expectations are concerned and the market is actually pushing out when the fed actually is higher. >> i think the fed is pleased to give more momentum to housing which remains a question mark. so i don't think she'll d
the first one is what janet yellen was going to say at the news conference. and the second element is the economic projections that will be released. on balance, where do you think all of this is going to take the markets? >> well, i think it will be fairly constructive. i think fed will indicate and she will indicate they are getting closer to their two big goals. improvement in the labor market and a little bit more inflation. they would like to see a little bit more inflation. the...